MENA: Basic Dye Market 2024

Basic Dye Market Size in MENA

The MENA's basic dye market declined dramatically to $X in 2021, waning by -22.2% against the previous year. Overall, consumption recorded a mild decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Basic Dye Production in MENA

In value terms, basic dye production soared to $X in 2021 estimated in export price. In general, production showed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 202%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Basic Dye Exports

Exports in MENA

Basic dye exports soared to X tons in 2021, increasing by 77% on the year before. In general, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, basic dye exports skyrocketed to $X in 2021. Overall, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was approx. 94% of total exports in 2021. The United Arab Emirates (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +13.2% from 2012 to 2021. At the same time, the United Arab Emirates (+28.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +28.7% from 2012-2021. Turkey (+13 p.p.) and the United Arab Emirates (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest basic dye supplier in MENA, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +18.1%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, growing by 2.1% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye export price decreased by -1.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.4%).

Basic Dye Imports

Imports in MENA

In 2021, overseas purchases of basic dyes and preparations based thereon increased by 12% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, basic dye imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 13%. Over the period under review, imports attained the peak figure at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Turkey (X tons) represented the key importer of basic dyes and preparations based thereon, comprising 59% of total imports. Iran (X tons) ranks second in terms of the total imports with an 11% share, followed by Egypt (7.2%) and the United Arab Emirates (7%). Kuwait (X tons), Tunisia (X tons) and Algeria (X tons) took a minor share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of basic dyes and preparations based thereon. At the same time, the United Arab Emirates (+29.8%), Kuwait (+21.2%), Tunisia (+19.2%), Algeria (+5.0%) and Egypt (+2.5%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +29.8% from 2012-2021. By contrast, Iran (-5.5%) illustrated a downward trend over the same period. The United Arab Emirates (+6.4 p.p.), Turkey (+3.3 p.p.), Kuwait (+2.9 p.p.), Tunisia (+1.9 p.p.) and Egypt (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -6.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported basic dyes and preparations based thereon in MENA, comprising 61% of total imports. The second position in the ranking was held by Iran ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-0.1% per year) and the United Arab Emirates (+40.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, with a decrease of -15.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2019 an increase of 28%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform